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Tag Archives: CBDC

DCEP: An Inside Look at China’s Digital Currency

Jun 29, 2020

Decrypt

China's digital currency is slowly gathering momentum. But DCEP is not blockchain based, it's centralized, with a 'loosely coupled' twist. While 80% of the world's central banks are exploring digital currency, China has been on this particular journey for a good six years. In 2014, Xia...

China Mulls Creating an East Asia Centric CBDC Platform

Jun 17, 2020

Central bank digital currencies (CBDCs) have been the talk of the industry since last year, when significant efforts from several countries were announced. While some efforts, like the Venezuelan Petro, seemed poised to fail from the start, there are still a handful of ambitious projects tha...

National Digital Currencies: The Future of Money?

Jun 16, 2020

Victor Canghai Ji

Authors: Aditi Kumar, Jeremy Ney, Eve Lee, Victor Ji China piloted a national digital currency in April 2020. The European Central Bank has convened a working group of major economies to coordinate digital currency research and development. The U.S. Federal Reserve said it was...

More Areas are Striving for China’s Digital Yuan Pilot

May 28, 2020

Vincent He

Although the schedule of the second batch of China’s digital yuan pilot is delayed, more regions in China are striving for the trial. In some second and third-tier provinces and cities, local governors expect the application of digital yuan in the local area. For example, in Guizhou provin...

PBoC Governor Says There’s No Timetable for Digital Yuan Launch

May 27, 2020

While central bank digital currencies have been the talk of the industry for at least a year, few have managed to garner as much attention as China’s digital yuan did. With the country racing to get to the forefront of blockchain development, investing both money and resources into creating a di...